WASHINGTON—The Federal Reserve's second-quarter senior loan officer survey showed that banks reported less of a demand for auto, credit card and most categories of residential real estate
loans overall, but a stronger demand for commercial and industrial loans by small firms.
Banks reportedly eased commercial and industrial lending terms to firms of all sizes and kept commercial real estate lending standards relatively unchanged; they reported weaker demand for commercial real estate loans, reported NAFCU in its analysis.
Lending standards on most categories of residential real estate loans and auto loans remained mostly unchanged, but a moderate number of banks tightened their standards on credit card loans. As the demand for residential real estate lending weakened during the second quarter, standards eased for qualified mortgage jumbo residential mortgages, NAFCU noted.
This senior loan officer survey was based on responses from 72 domestic banks and 22 U.S. branches and agencies of foreign banks.